Krispy Kreme, Inc. (NASDAQ:DNUT) Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 25.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,423,196 shares of the company's stock after buying an additional 1,721,287 shares during the period. Vanguard Group Inc. owned 5.00% of Krispy Kreme worth $105,037,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. US Bancorp DE acquired a new position in shares of Krispy Kreme during the first quarter worth $30,000. Tower Research Capital LLC TRC increased its position in shares of Krispy Kreme by 100.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the company's stock valued at $33,000 after acquiring an additional 1,058 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Krispy Kreme in the 4th quarter valued at $35,000. UBS Group AG increased its position in shares of Krispy Kreme by 28.3% in the 2nd quarter. UBS Group AG now owns 3,672 shares of the company's stock valued at $50,000 after acquiring an additional 810 shares during the period. Finally, Advisor Group Holdings Inc. increased its position in shares of Krispy Kreme by 178.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,330 shares of the company's stock valued at $65,000 after acquiring an additional 2,777 shares during the period. Hedge funds and other institutional investors own 81.72% of the company's stock.

Insider Transactions at Krispy Kreme

In related news, Director Michael J. Tattersfield sold 100,000 shares of Krispy Kreme stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $12.82, for a total value of $1,282,000.00. Following the completion of the sale, the director now owns 2,936,940 shares in the company, valued at approximately $37,651,570.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.00% of the company's stock.

Krispy Kreme Price Performance

Krispy Kreme stock traded up $1.04 during midday trading on Friday, reaching $15.33. The company had a trading volume of 11,993,689 shares, compared to its average volume of 2,288,157. The company has a market capitalization of $2.59 billion, a P/E ratio of -68.45, a P/E/G ratio of 3.61 and a beta of 1.47. Krispy Kreme, Inc. has a 12-month low of $11.52 and a 12-month high of $17.84. The firm's fifty day simple moving average is $13.27 and its 200-day simple moving average is $13.33. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.33 and a quick ratio of 0.26.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). The business had revenue of $450.90 million during the quarter, compared to analyst estimates of $438.95 million. Krispy Kreme had a negative net margin of 2.25% and a positive return on equity of 2.02%. The firm's revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, equities analysts anticipate that Krispy Kreme, Inc. will post 0.17 EPS for the current year.

Krispy Kreme Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.035 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.91%. Krispy Kreme's dividend payout ratio is currently -63.64%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Piper Sandler raised Krispy Kreme from a "neutral" rating to an "overweight" rating and upped their target price for the company from $14.00 to $20.00 in a research report on Friday. Capital One Financial assumed coverage on Krispy Kreme in a research report on Monday, January 22nd. They issued an "equal weight" rating and a $16.00 target price on the stock. Citigroup increased their price target on Krispy Kreme from $14.00 to $19.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. cut their price target on Krispy Kreme from $14.00 to $13.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 19th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.31.

Krispy Kreme Company Profile

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.